LINDE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LINDE
Largest movements
- Tangible fixed assets -€82,566
down €82,566 (-4.2%), from €2.0m to €1.9m
of which Land and buildings: -€81,898
- Short-term financial debts -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Debts after one year +€1.5m
new in 2025: €1.5m
- Current portion of long-term debt +€86,961
new in 2025: €86,961
- Financial charges -€16,221
down €16,221 (-12.5%), from €129,558 to €113,337
- Gross operating margin -€13,819
down €13,819 (-6.0%), from €231,491 to €217,672
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,029,365 | €1,939,540 | -€89,825 | -4.4% |
| Fixed assets | 21/28 | €1,962,571 | €1,880,005 | -€82,566 | -4.2% |
| Tangible fixed assets | 22/27 | €1,960,501 | €1,877,935 | -€82,566 | -4.2% |
| Land and buildings | 22 | €1,958,589 | €1,876,691 | -€81,898 | -4.2% |
| Plant, machinery and equipment | 23 | €1,912 | €1,243 | -€668 | -35.0% |
| Financial fixed assets | 28 | €2,070 | €2,070 | = | 0.0% |
| Current assets | 29/58 | €66,794 | €59,535 | -€7,259 | -10.9% |
| Amounts receivable within one year | 40/41 | - | €9,849 | +€9,849 | |
| Other amounts receivable | 41 | - | €9,849 | +€9,849 | |
| Cash at bank and in hand | 54/58 | €64,210 | €47,081 | -€17,129 | -26.7% |
| Deferred charges and accrued income | 490/1 | €2,584 | €2,605 | +€21 | +0.8% |
| Total equity and liabilities | 10/49 | €2,029,365 | €1,939,540 | -€89,825 | -4.4% |
| Equity | 10/15 | -€215,660 | -€233,911 | -€18,251 | -8.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€220,660 | -€238,911 | -€18,251 | -8.3% |
| Amounts payable | 17/49 | €2,245,025 | €2,173,451 | -€71,574 | -3.2% |
| Amounts payable after more than one year | 17 | - | €1,528,744 | +€1.5m | |
| Financial debts | 170/4 | - | €1,528,744 | +€1.5m | |
| Amounts payable within one year | 42/48 | €2,209,433 | €609,093 | -€1.6m | -72.4% |
| Current portion of amounts payable after more than one year | 42 | - | €86,961 | +€86,961 | |
| Financial debts | 43 | €1,690,000 | €0 | -€1.7m | -100% |
| Credit institutions | 430/8 | €1,690,000 | €0 | -€1.7m | -100% |
| Trade debts | 44 | €536 | €1,850 | +€1,314 | +245% |
| Suppliers | 440/4 | €536 | €1,850 | +€1,314 | +245% |
| Other amounts payable | 47/48 | €518,897 | €520,282 | +€1,384 | +0.3% |
| Accrued charges and deferred income | 492/3 | €35,591 | €35,614 | +€23 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,431 | €108,580 | +€2,149 | +2.0% |
| Other operating charges | 640/8 | €14,203 | €14,658 | +€454 | +3.2% |
| Gross operating margin | 9900 | €231,491 | €217,672 | -€13,819 | -6.0% |
| Operating profit (loss) | 9901 | €110,856 | €94,434 | -€16,422 | -14.8% |
| Financial income | 75/76B | - | €651 | +€651 | |
| Recurring financial income | 75 | - | €651 | +€651 | |
| Financial charges | 65/66B | €129,558 | €113,337 | -€16,221 | -12.5% |
| Recurring financial charges | 65 | €129,558 | €113,337 | -€16,221 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,702 | -€18,251 | +€450 | +2.4% |
| Profit (loss) for the period | 9904 | -€18,702 | -€18,251 | +€450 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,702 | -€18,251 | +€450 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.